Whole Life Insurance

Life insurance is a policy that provides a lump-sum payment to your beneficiaries upon your death, helping them cover expenses like funeral costs, debts, and living expenses.

Anyone with dependents or financial obligations, such as a mortgage or loans, should consider life insurance to ensure their loved ones are financially protected in case of an unexpected death.

Coverage should be enough to pay off your debts, cover living expenses for your family, and replace lost income. A common guideline is 10-12 times your annual income.

You can apply online or through an insurance agent. The process usually involves completing an application, providing personal details, and sometimes undergoing a medical exam depending on the policy.